Options desk read, 29 Sep 2026: NIFTY 22,716 (-0.28%), chain, OI and expected move
The desk read for 29 Sep 2026: where NIFTY and BANKNIFTY closed, what the option chain, open interest and expected move said about it, how gold's engine is leaning, and what tomorrow carries.
The close
| Index | Close | Day |
|---|---|---|
| NIFTY 50 | 22,716.2 | -0.28% |
| BANKNIFTY | 54,259.9 | -0.39% |
| SENSEX | 72,529.1 | -0.33% |
| FINNIFTY | 24,648.5 | -0.09% |
| INDIA VIX | 13.4 | -1.69% |
NIFTY finished at 22,716.2 (-0.28%), a flat day, with India VIX at 13.41 (-1.69%).
NIFTY option chain
For the 29-Sep-2026 expiry the put–call ratio is 0.86, max pain sits at 22,750, the call wall is at 23,500 and the put wall at 22,700, ATM 22,700. Open interest is balanced between the two sides. The live chain is free at /option-chain/nifty.
OI build-up on the day: balanced lean — call writing at 22,750 / 22,800 (supply); put writing at 22,700 / 22,650 (support); OI range 22,700–22,750. Call OI changed by +11,974,040 contracts and put OI by +35,306,180; PCR moved from 0.85 to 1.03.
Expected versus realised: the ATM straddle implied a day move of about ±184 points; the realised range was 184 points, 50% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹326.5 with ATM IV at 12.8%.
BANKNIFTY option chain
For the 29-Sep-2026 expiry the put–call ratio is 1.08, max pain sits at 54,400, the call wall is at 54,300 and the put wall at 54,200, ATM 54,300. Open interest is balanced between the two sides. The live chain is free at /option-chain/banknifty.
OI build-up on the day: balanced lean — call writing at 54,300 / 54,400 (supply); put writing at 54,200 / 54,100 (support); put writers covering at 54,700 / 54,800; OI range 54,200–54,300. Call OI changed by +7,675,770 contracts and put OI by +8,942,430; PCR moved from 1.14 to 1.16.
Expected versus realised: the ATM straddle implied a day move of about ±523 points; the realised range was 620 points, 59% of the expected range — quiet — realised well inside expected. The straddle to expiry was ₹1,921.0 with ATM IV at 15.3%.
Gold
XAU/USD at $4,152.30. XAU Sovereign reads 1D STRONG SELL · 4H STRONG SELL. Levels and the reasons behind each vote are inside the engine.
FII / DII
On 2026-09-28 FIIs were net ₹-5,353 crore and DIIs net ₹+5,189 crore in the cash market; FII index futures net -319,669 contracts. History and participant positioning at /fii-dii.
What tomorrow carries
- Core PCE Price Index m/m (USD) — 2026-09-30 18:00
- Final GDP q/q (USD) — 2026-09-30 18:00
Full week in IST at /calendar.
Reads like this take a minute when the panels do the counting. The terminal's OISCAN, MOVE, IVP and RISK panels ran every number above live through the session, and the VIP Indicator's three engines mark the trades on the chart.